Okam Capital expands into Italy with €200m investment plan

Polish real estate developer Okam Capital, with 30 projects across nine Polish cities, has launched its Italian branch, Okam Italy.

Navigli, Milan

Leading Okam Italy is Ariel Bruckmayer, co-founder and CEO, who previously founded Terra Real Estate and served as Development Manager for Itay Properties and Milu Holding. 
Okam Italy has made its debut with the acquisition of a portfolio of four properties in central Milan and Rome, totalling approximately 16,000 m2. Acquired in partnership with Milu Holding and Freo Group from an institutional Italian investor, these properties are slated for a significant reconversion program. The initiative involves an investment of around €200 mln, targeting the transformation of commercial office spaces—currently underperforming in the market—into high-demand residential and hospitality assets.
This strategic move responds to the contraction in office demand and an increase in vacant spaces, particularly for properties not meeting contemporary ESG standards and evolving work modes. By repositioning these centrally located assets in Milan and Rome, cities that continue to attract international investors and demand for high-end solutions, Okam Italy aims to enhance underutilized real estate and create contemporary projects.
Headquartered in Milan, Okam Italy already has a robust presence, with 200 residential units totalling over 22,000 m2 currently under development. The company builds upon the legacy of Terra Real Estate and a strong network of Milanese partners.
Ariel Bruckmayer, co-founder and CEO of Okam Italy, said: "With Okam Italy, we want to bring a development model to Italy that combines international vision, local expertise, and attention to quality. Our goal is to create new standards of excellence in the way of living and inhabiting cities. Milan is the starting point of a journey.”